Huntington Bancshares' first quarter 2026 adjusted EPS of $0.37 narrowly beats estimates, though revenue of $2.57B slightly misses.

Huntington Bancshares reported first quarter 2026 revenue of $2.57 billion, a 34% year-over-year increase, and GAAP EPS of $0.25. After excluding $271 million in pre-tax acquisition-related expenses, adjusted EPS was $0.37, beating analyst estimates of $0.36. The results reflect the initial integration of the Cadence Bank and Veritex Holdings acquisitions, which significantly expanded the bank's balance sheet.

Key Highlights

• Net Interest Income (NII) grew 33% year-over-year to $1.89 billion, slightly below the $1.93 billion consensus, while Net Interest Margin (NIM) expanded 9 basis points from the prior quarter to 3.24%.
• Acquisitions drove significant balance sheet growth, with average total loans increasing 33% year-over-year to $174.2 billion and average total deposits increasing 27% to $204.6 billion.
• Credit quality remained stable with net charge-offs at 0.26%, unchanged from the prior year, and the company announced a new $3 billion share repurchase authorization.